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Jan 17, 2013
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first to be hired when the economy comes back. and coming back is exactly what the economy is doing right now. just today we saw the jobless claims drop to the lowest level in five years. >> house ofre. >> full-time employment up 1.4% in 2012, the total number of temporary employees increased by 6.2%. that rapid growth is expected to continue in 2013. the street is looking for 5% growth in temporary employment this year. however, i think that number could ultimately end up being conservative thanks to the affordable care act. aka obama care. once that goes into affect in 2014, companies that employ more than 50 full-time workers will need to provide employees with expensive health care coverage or pay $2,000 on to $3,000 penalty. businesses of all sizes are searching for ways to cope with the law, and the easiest way to avoid paying expenses is to hire more temps. see, to qualify for health care coverage under the affordable care act, they are more likely to hire temp employees. you will have try to have fewer than 50 full-time em
first to be hired when the economy comes back. and coming back is exactly what the economy is doing right now. just today we saw the jobless claims drop to the lowest level in five years. >> house ofre. >> full-time employment up 1.4% in 2012, the total number of temporary employees increased by 6.2%. that rapid growth is expected to continue in 2013. the street is looking for 5% growth in temporary employment this year. however, i think that number could ultimately end up being...
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Jan 16, 2013
01/13
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how important to your economy and pennsylvania is the fracking shale revolution? it is extremely important and we put an impact fee on the shale. we picked up $204 million rather than put taxes whose impact fee into the community. it has allowed the industry itself to hire people. there are related companiy ies t hire people. and you know the phrase the necessity is the mother of invention. a lot of inventions are being developed but the energy itself allows businesses across the state to grow. a lot of companies in south eastern pennsylvania and philadelphia are going to be using it to power the refineries, it is looking and hopefully will build a facility that will take the ethonol and take ethanes they are paying around $80,000. the average workforce is $47,000. >> why is the governor still waiting? >> i know what is going on. i know there are a number of people that used to be opposed to it. a lot of them have changed here. but there are a certain group that are opposed to it. but i remind many people we follow it closely and it is a technology that has been u
how important to your economy and pennsylvania is the fracking shale revolution? it is extremely important and we put an impact fee on the shale. we picked up $204 million rather than put taxes whose impact fee into the community. it has allowed the industry itself to hire people. there are related companiy ies t hire people. and you know the phrase the necessity is the mother of invention. a lot of inventions are being developed but the energy itself allows businesses across the state to grow....
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Jan 18, 2013
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. >>> weill a rebound in the world's second largest economy be a bump for the stock exchange? today, we'll see how investors react. >>> stocks came to life thursday thanks to a surprising jump in housing starts and the lowest weekly jobless numbers since january 2008. after the bell, intel ticked lower despite better than expected earnings. more corporate reports ahead today include heavy hitters general electric, part owner of this network, and morgan stanley. gold prices settled around $1690 thursday, meaning that this 177-ounce gold nugget reportedly discovered with a metal detector in australia is worth $300,000. what a find. >>> toyota has settled the first wrongful death lawsuits. >>> oprah winfrey's interview with lance armstrong has turned a pretty penny for her new cable network. according to an executive, ads were expected to sell out. >>> well, so much for towels and juicers. dodge wants people to pitch in for a new car. >>> meanwhile, january is the best time to find travel deals. the four seasons resort on the big island of hawaii. trip adviser named it the best r
. >>> weill a rebound in the world's second largest economy be a bump for the stock exchange? today, we'll see how investors react. >>> stocks came to life thursday thanks to a surprising jump in housing starts and the lowest weekly jobless numbers since january 2008. after the bell, intel ticked lower despite better than expected earnings. more corporate reports ahead today include heavy hitters general electric, part owner of this network, and morgan stanley. gold prices...
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Jan 14, 2013
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economy hostage. here's the president. >> they will not collect a r ransra ransom in exchange for not crashing the american economy. the financial well being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. and they'd better choose quickly because time is running short. >> and house speaker john boehner responded quickly saying the house republican majority will do the responsible thing. will make sure the nation meets its obligations, will keep the government running. that's trying to take that specter of the government shutdown off the table. we've got a real confrontation brewing because the president says i'm going to break the habit of crisis-driven fiscal negotiations. and if he succeeds in that, somebody's going to have to break. we're going to find out pretty soon. because the debt ceiling could be hit in as little as one month from now. >> it's interesting that we still haven't had any ideas, though, on spen
economy hostage. here's the president. >> they will not collect a r ransra ransom in exchange for not crashing the american economy. the financial well being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. and they'd better choose quickly because time is running short. >> and house speaker john boehner responded quickly saying the house republican majority will do the responsible thing. will make...
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Jan 18, 2013
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they have a plan now to reflight the economy. they are printing a lot of money. 2% is the inflation rate they want. why is that not going to help the japanese economy. many people think it will. >> i think if you study the situation deeply, you see that japanese debt is about 24 times central government tax revenues. when you get into that, when you sail into that zone of insolvency, nothing you can do can help, in my opinion. they would have imploded under their own weight a few years down the road. now they talk about targeting 2% inflation. they don't realize it will force them to explode sooner. >> your criticism is well known, even to japanese ministers of finance, i would argue. >> first of all, when you think about a crisis, 99.9% of the people get it wrong. when you think about 20 years of the procycal cality, the owner ship of bonds of japan is the institutional community. they buy the bonds because they have 28 basis points of yield on the five-year and 70 on the ten. the only way you invest on a bond like that is if th
they have a plan now to reflight the economy. they are printing a lot of money. 2% is the inflation rate they want. why is that not going to help the japanese economy. many people think it will. >> i think if you study the situation deeply, you see that japanese debt is about 24 times central government tax revenues. when you get into that, when you sail into that zone of insolvency, nothing you can do can help, in my opinion. they would have imploded under their own weight a few years...
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Jan 18, 2013
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economy hostage. they are saying no. we are holding the senate hostage it a debt limit increase, that's what they have to do and we will see how far they get with the proposal. if we do a short term extension of the debt limit we are going to make it be clean without conditions. and this is what the back and forth is going to be in the parties over the next couple of weeks. >> let's talk a little bit about two other major deadlines here. does this have any impact whatsoever john as far as can you see on the the impending so-called sequestering, which i believe kicks in sometime in the next six weeks or so. and then in late march, on the idea that the government will run out of money. there will be no authorization to spend anything more and the government could functionally shut down. is that involved here at all? >> not in a formal sense. but of course all of this is linked together, what the spending plans are to come up with cuts to avoid the budget sequester which neither party wants because it affects it in is indis
economy hostage. they are saying no. we are holding the senate hostage it a debt limit increase, that's what they have to do and we will see how far they get with the proposal. if we do a short term extension of the debt limit we are going to make it be clean without conditions. and this is what the back and forth is going to be in the parties over the next couple of weeks. >> let's talk a little bit about two other major deadlines here. does this have any impact whatsoever john as far as...
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Jan 18, 2013
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. overmany discounts to thine customers! [old english accent] safe driver, multi-car, paid in full -- a most fulsome bounty indeed, lord jamie. thou cometh and we thy saveth! what are you doing? we doth offer so many discounts, we have some to spare. oh, you have any of those homeowners discounts? here we go. thank you. he took my shield, my lady. these are troubling times in the kingdom. more discounts than we knoweth what to do with. now that's progressive. >>> welcome back. a big change of heart on netflix. a top analyst who has been consistently bearish on netflix shares reversing course, now recommending buy it. meanwhile, another analyst looking at netflix this morning going the other way downgrading it to underweig
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. overmany discounts to thine customers! [old english accent] safe driver, multi-car, paid in full -- a most fulsome bounty indeed, lord jamie. thou cometh and...
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Jan 17, 2013
01/13
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economy barely grew 1% in the fourth quarter. we have a situation where it could be sluggish in the first quarter. we're up five points on the s&p since december since we had qe3 and the fed indicating they would target unemployment. to us it feels like we're in the stratosphere. >> the market down 20%. isn't that recession you're talking about? >> you got to think there's a danger. doesn't have to be a recession. you have to think there's a danger. if you look at the dynamics, you look at the consumer confidence numbers which are beginning to roll a little bit, there is a danger that could take place and a lot will depend on the resolution. look at the vix and these low levels on this downward sloping trend line the pattern is very similar to april of 2011. i'm sure you all remember that the stock market held up a little bit longer and turned in may and then between may and august it dropped 22%. what was the biggest factor? the debt ceiling negotiations. >> tom the market really rolled over in the spring of 2011 because trichet
economy barely grew 1% in the fourth quarter. we have a situation where it could be sluggish in the first quarter. we're up five points on the s&p since december since we had qe3 and the fed indicating they would target unemployment. to us it feels like we're in the stratosphere. >> the market down 20%. isn't that recession you're talking about? >> you got to think there's a danger. doesn't have to be a recession. you have to think there's a danger. if you look at the dynamics,...
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Jan 16, 2013
01/13
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the economy will be picking up. housing likely to get in on it. >> maybe we're actually breaking -- maybe the valuations aren't -- >> based on what? >> come on, under wells fargo? >> michael dell, and suddenly, mr. skeptic -- >> overheated debt market, that's always a good sign for an economy. that's always a sign that things are getting a lot better. >> it's been getting overheated since 1979. >> big lbos. that worked out real well. no, i'm just -- there's housing, sales of pickups. sales of cars in europe for 2012, not so good. we'll talk about that. >> germany, the bmw sales, volkswagen sales. one of my cousins in mexico is near a bmw, new plant. the germans are down. they're buying like crazy. germany business, good. rest of the continent okay. ford cutting back very dramatically. >> boeing, more problems related to the dreamliner. japanese grounded their 787 for safety checks. the national transportation safety board, faa are going to japan to assess that incident. when the first problems arose last week, week
the economy will be picking up. housing likely to get in on it. >> maybe we're actually breaking -- maybe the valuations aren't -- >> based on what? >> come on, under wells fargo? >> michael dell, and suddenly, mr. skeptic -- >> overheated debt market, that's always a good sign for an economy. that's always a sign that things are getting a lot better. >> it's been getting overheated since 1979. >> big lbos. that worked out real well. no, i'm just --...
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Jan 15, 2013
01/13
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chances are the economy is going to get better. wouldn't that make you want to buy stocks right now. >> it does. we're not -- we're actually a little bit more bullish, esespecially the first six months of the year. we still are expecting slow growth, commodities where we're shorting assets, but in terms of u.s. and in terms of international, we do expect growth, and we are excited about what's happening, but later on in the year i think it's going to be another story. >> what do you mean by that, later on in the year? what's going to be the upset later on in the year? >> there's a lot more issues coming out in terms of europe later in the year. right now it's all about -- it's all about expectations of positive growth that we have in the u.s., but, you know, we still have issues, and investors have got to focus on -- we've got an incredible spending problem. there's still problems in europe so we don't really believe that this year is going to be like last year, but we do expect small positive returns though. >> rick santelli, i wa
chances are the economy is going to get better. wouldn't that make you want to buy stocks right now. >> it does. we're not -- we're actually a little bit more bullish, esespecially the first six months of the year. we still are expecting slow growth, commodities where we're shorting assets, but in terms of u.s. and in terms of international, we do expect growth, and we are excited about what's happening, but later on in the year i think it's going to be another story. >> what do you...
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Jan 15, 2013
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economy is being under valued. $1.4 trillion is the run-up and i expect the u.s. to outperform again. >> joey? >> i think the u.s. continues to do well and the ultimate indicator is where volatility is. it's incredibly cheap and remains -- insurance can be provided to protect your portfolio. i don't think that the ultimate concerns that the people have. >> we've got news on germany and the german economy, gdp is contracting. it was down half of a percent. in 011 it was up 3% n 2012 it was up .7%. they are the engine for growth there. i'm not sure it's going to work out for you in the first half of the year. for europe, i don't think it's undervalued. it's had a great run into the u.s. >> two major banks report earnings tomorrow. much of the conversation that we're having today certainly directed to what is going on with the banks and what it could mean for the markets. jpmorgan, goldman, ahead of the market tomorrow. joe t., you take yours? >> my position has been goldman sachs, be morgan stanley. it's been that way for a long time. i like the marketplace here. i
economy is being under valued. $1.4 trillion is the run-up and i expect the u.s. to outperform again. >> joey? >> i think the u.s. continues to do well and the ultimate indicator is where volatility is. it's incredibly cheap and remains -- insurance can be provided to protect your portfolio. i don't think that the ultimate concerns that the people have. >> we've got news on germany and the german economy, gdp is contracting. it was down half of a percent. in 011 it was up 3% n...
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Jan 16, 2013
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the chinese economy is obviously a major and inner ene ener -- f iron ore. it looks that the fundamentals are in place for an aussie breakout. >> give us your levels, todd. >> sure. the australian dollar, technically speaking, is facing a breakout, 1.06. this is a range that's been in place for almost a year and a half. so, 1.06 is the entrillion on a weekly break. you want to take profit up around 110. >> all right, todd, thank you for that. todd gordon of aspen. and more money in motion every friday, 5:30 p.m. eastern time. tim, in terms of the iron ore, we saw big spikes in the price in fourth quarter in china. >> yeah, how about a vej mite sandwich, too? you have big chinese data coming out, but iron ore, goldman has that note out. watch that chart. >> let's play a little good, bad and ugly and tonight -- stars dan nay tan. first up, dan said to keep an eye on yahoo!. take a listen. >> the mighty goldman sachs reinitiated the stock with a buy of $22, 12-month price target. they say the sum of the parts is much greater. i actually agree. implied volatilit
the chinese economy is obviously a major and inner ene ener -- f iron ore. it looks that the fundamentals are in place for an aussie breakout. >> give us your levels, todd. >> sure. the australian dollar, technically speaking, is facing a breakout, 1.06. this is a range that's been in place for almost a year and a half. so, 1.06 is the entrillion on a weekly break. you want to take profit up around 110. >> all right, todd, thank you for that. todd gordon of aspen. and more...
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Jan 16, 2013
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we'll get an indication of where the economy is going and where it's been. volatility, people also watching apple k. it regain $500, that's been, you know, a lot of chatter here and there. and then on the equities side, 1471.25 on s&p futures the high back a few days ago. if we could break through the level, you will see increased fund flows, more money coming to the market to the long side. and it seems like, you know, i'm really -- surprised because the debt ceiling concern and talks, it's been pretty much nonexistent on the industrial -- >> the markets at fresh five-year highs. >> yeah. it's all because we had the fiscal cliff. and it was so volatile coming into it. we saw some massive swings and massive breakdowns coming into it. it seemed like the market was all over the place. with the debt ceiling, everyone thinks they'll kick the can, raise the debt ceiling up, or get resolved within -- >> that mean the market's at risk? it would seem yes, right? >> see, if you -- my opinion of what will happen is if there's any small breakdown in it, you know, if th
we'll get an indication of where the economy is going and where it's been. volatility, people also watching apple k. it regain $500, that's been, you know, a lot of chatter here and there. and then on the equities side, 1471.25 on s&p futures the high back a few days ago. if we could break through the level, you will see increased fund flows, more money coming to the market to the long side. and it seems like, you know, i'm really -- surprised because the debt ceiling concern and talks,...
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Jan 15, 2013
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economy. >>> and jump t to the top of the ftse 100 after third quarter revenue beat the forecast, burberry had earnings higher than expected. >>> all right. sorted out my mike issues. "worldwide exchange" is slightly different today because we're analyzing the first german gdp numbers. >> and i come to the u.s. where it's all annualized and we stick to the european data and it's quarter on quarter. given the context, we're still working through what all that means. >> exports in november, down 94.1 billion is where we essentially went. 98.4 billion was the october numbers. so exports in november driving down. and that gdp number is worth pulling out. exports for the year, up 4.1%. as far as production is concerned, it was up 2% in november. but the forecast were for it to rise up 1%. it was a very weak october, as well. it was this production and that production number. when that came out, it essentially made people put a pretty fourth quarter in the whole, kelly. what we're trying to do is de
economy. >>> and jump t to the top of the ftse 100 after third quarter revenue beat the forecast, burberry had earnings higher than expected. >>> all right. sorted out my mike issues. "worldwide exchange" is slightly different today because we're analyzing the first german gdp numbers. >> and i come to the u.s. where it's all annualized and we stick to the european data and it's quarter on quarter. given the context, we're still working through what all that...
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Jan 15, 2013
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the fed is spending 6% more m-2 every year and that's helping the economy. but the real driver of growth is technology. it's the entrepreneur. it's the innovator. it's the creator. we have the cloud, the spark phone, attacking all of these great new technologies and that's what i try to draw investors' focus on. let's not pay so much attention to what government is doing. let's look at what is causing growth underneath, what has always caused growth and that's entrepreneurial activity, innovation, and activity. we have a lot of it going on right now. >> finally, brian, housing is turning into a pretty nice tail wind here. i wonder, though, you see the ten-year at 285. >> right. >> how much can the market withstand if the 30-year mortgage continues to tick up? >> when we go back to the early 1990s when housing was pretty strong, interest rates were a lot higher than they were today. i think the fed is artificially holding rates down. we could have the federal funds rate at 2, 2 1/2 without any harm to the economy. we could take the ten-year treasury up to 3,
the fed is spending 6% more m-2 every year and that's helping the economy. but the real driver of growth is technology. it's the entrepreneur. it's the innovator. it's the creator. we have the cloud, the spark phone, attacking all of these great new technologies and that's what i try to draw investors' focus on. let's not pay so much attention to what government is doing. let's look at what is causing growth underneath, what has always caused growth and that's entrepreneurial activity,...
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Jan 16, 2013
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he can work on the economy and do something about gun violence. i don't think americans wanted to sit by. they want background checks. they want their children to be safe and keep their gun rights, too. all of that can be done with commonsense proposals, making sure people have their guns registered one way or the other. a lot of republican s and conservative democrats are standing in front of that because they want to make money with the gun industry instead of caring what the american people want. >> thank you so much for the interesting conversation. >>> is walmart's $50 billion pledge to build american-made products just bait and switch? some say it's a ploy to make you forget that the giant retailer also sells assault rifles. . uh, forgot jack's cereal. [ jack ] what's for breakfast? um... try the number one! yeah, this is pretty good. [ male announcer ] over a third of a day's fiber. fiber one. stress sweat is different than ordinary sweat. it smells worse. get 4x the protection against stress sweat. introducing new secret clinical strength
he can work on the economy and do something about gun violence. i don't think americans wanted to sit by. they want background checks. they want their children to be safe and keep their gun rights, too. all of that can be done with commonsense proposals, making sure people have their guns registered one way or the other. a lot of republican s and conservative democrats are standing in front of that because they want to make money with the gun industry instead of caring what the american people...
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Jan 15, 2013
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economy st. at risk. it's tuesday, january 15th, 2013 and "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. we've been watching the u.s. equity futures and at least at this point you can see they do look like they're indicated to open a little lower. right now, dow futures down by about 16 points below fair value. the s&p futures are about 2 points below fair value. we have some different nebs going on at the top of the screen than we do on that fair value board. we'll check on that, as well. >>> dell is said to be in talks with private companies in reports of a possible guyout. the journal says jpmorgan is involved in the negotiations. dell shares have been soaring near an eight-month high on first word of this news yesterday. you can see up about close to 2% to the premarket sales. 64 is the last dip. in other technology news, facebook is holing a press conference today. no word on what the big
economy st. at risk. it's tuesday, january 15th, 2013 and "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. we've been watching the u.s. equity futures and at least at this point you can see they do look like they're indicated to open a little lower. right now, dow futures down by about 16 points below fair value. the s&p futures are about 2 points below...
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Jan 14, 2013
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it would be a self-inflicted wound on the economy. it would slow down our growth, might tip us into recession, and ironically, would probably increase our deficit. so even entertain the idea of this happening, of the united states of america not paying its bills, is irresponsible. it's absurd. as the speaker said two years ago, it would be, and i'm quoting, speaker boehner now, a finance ral disaster not only for us but for the worldwide economy. so we've got to pay our bills. and republicans in congress have two choices here. they can act responsibly and pay america's bills, or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly because time is running short. the last time republicans in congress even flirted with this idea our aaa credit
it would be a self-inflicted wound on the economy. it would slow down our growth, might tip us into recession, and ironically, would probably increase our deficit. so even entertain the idea of this happening, of the united states of america not paying its bills, is irresponsible. it's absurd. as the speaker said two years ago, it would be, and i'm quoting, speaker boehner now, a finance ral disaster not only for us but for the worldwide economy. so we've got to pay our bills. and republicans...
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Jan 14, 2013
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fuel economy has been a good selling point in the corvette. >> final question, does winning these top honors help auto manufacturers sell these cars? >> you know, that's always a big question. the bottom line is yes, they do. they do help auto dealers. it is no guarantee. we have certain seen cars win these awards in the past and then just fail in the marketplace, just for whatever reason they didn't catch on with customers. it helps, but it's certainly not enough to do all about itself. >> peter from cnn money.com. thank you so much. >>> a talk back question for you, what's the best way to honor the newtown victims. you can face book me at facebook.com/carolcnn. >>> we want to take you to baltimore now, it is the johns hopkins summit on gun control. mayor michael bloomberg is speaking. >> including private sales at gun shows and online. these private sales now account for more than 40% of all gun sales nationally, which means that in 2012 alone, there were more than 6 million gun sales that happened with no background checks. many of those guns, being sold are handguns which are used
fuel economy has been a good selling point in the corvette. >> final question, does winning these top honors help auto manufacturers sell these cars? >> you know, that's always a big question. the bottom line is yes, they do. they do help auto dealers. it is no guarantee. we have certain seen cars win these awards in the past and then just fail in the marketplace, just for whatever reason they didn't catch on with customers. it helps, but it's certainly not enough to do all about...
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Jan 18, 2013
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so our economy is robust. the oil and gas sector has been doing great. car sales have been doing great. we never had a sub prime problem. so housing starts are back up again to about 75,000 single family permits issued. the main thing is capital will flee a hostile environment. if i were a risk taking entrepreneur in california i would be thinking about heading east to texas. >> i feel a bit dumb because i had no idea of the export power of texas. i probably would have picked california. we'll show a table and what this table says is texas 2011 exports, $251 billion in second place california at $159 billion. that is very impressive. hears what i like the most. go to the next table. it is easy. when i first heard it i said it's obvious because california doesn't maximize natural resources because of the green component. has such a large lobby and presence in california. even if you extract all the exports petroleum and coal products that still leaves you around 200 billion. you're still blowing the competition away. >> yep. isn't that nice? we also have
so our economy is robust. the oil and gas sector has been doing great. car sales have been doing great. we never had a sub prime problem. so housing starts are back up again to about 75,000 single family permits issued. the main thing is capital will flee a hostile environment. if i were a risk taking entrepreneur in california i would be thinking about heading east to texas. >> i feel a bit dumb because i had no idea of the export power of texas. i probably would have picked california....
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Jan 14, 2013
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and it begins to discolor and distort your very economy. sadly enough, that's where we're headed. >> do you all agree that the extremes on both parties, the right and left, are actually the ones who run the congress right now? start with you, senator. >> there's quite a bit of extremism. i don't need to tell you that, joe. there's very few of us left in the middle. the so-called middle, if you will, has been sh ink aring, shrinking and shrinking. let's talk about follow the money. a lot of the people are on the far left or far right of the extremes of both ends. that's where people get all excited, get involved. either directly or their resources, their money behind in what they believe in. sometimes it draws them further apart. tom brokaw basically says that 75% of all of our congressional districts are bulletproof. so if you're there, and you've already established yourself, whether you're on the right or left, you're pretty well solid. so you only have to play to a certain core. and that's not healthy. and so a lot of changes need to be
and it begins to discolor and distort your very economy. sadly enough, that's where we're headed. >> do you all agree that the extremes on both parties, the right and left, are actually the ones who run the congress right now? start with you, senator. >> there's quite a bit of extremism. i don't need to tell you that, joe. there's very few of us left in the middle. the so-called middle, if you will, has been sh ink aring, shrinking and shrinking. let's talk about follow the money. a...
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Jan 18, 2013
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economy is recovering. the u.s. consumer has delevered, has got more confidence in the system. we're past the election. the u.s. economy is recovering. that's unmistakable. the speed of it still remains to be determined. but we're recovering. china leadership happened. china will support the growth in that economy and they will drive domestic demand. europe is not getting worse. and there are signs of green shoots even in japan at this point. >> all right. >> and then you've got all the brazil and indonesia which are still exciting stories. i feel good about where the world is heading. is it on a bull streak? no. but is it on a firmer footing? yes. as a long-term investor i care about firm footing. >> some day we will go through 15,000 on the dow, and then 16,000. and then 17,000. >> yeah. >> i mean i just wonder is that within the next couple of years? i mean it's about time. it's been -- we went from 800 to 14,000. and we haven't moved from 14,000 in like 10, 12 years. >> my father always says a journey of a thous
economy is recovering. the u.s. consumer has delevered, has got more confidence in the system. we're past the election. the u.s. economy is recovering. that's unmistakable. the speed of it still remains to be determined. but we're recovering. china leadership happened. china will support the growth in that economy and they will drive domestic demand. europe is not getting worse. and there are signs of green shoots even in japan at this point. >> all right. >> and then you've got all...
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Jan 14, 2013
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economy. so guess what? the stock market is up as the consensus earnings estimate has come down. and so the bear aurchlt lacks an intellectual continuity where they were right on the earnings estimates come down, but they've goes to explain. so you think the as specs further identity are improving as we got past the tax cliff. we're going to get past the spending clip in an ugly way. you have to depend on washington, d.c. to give you some banana republic action before we get to the middle of 2013. but in the middle of 2013, we'll know what all of the rules are. and i think the capital spending orders are going to come back and reinforce the housing improvement that you described as well as a pretty good auto market. >> we are talking all day today because everybody got their paycheck and it is definitely smaller. it's always smaller t beginning of the year. but is there any way that there is a headwind from people just not having as much money? >> yes, there's a headwind for the economy and we
economy. so guess what? the stock market is up as the consensus earnings estimate has come down. and so the bear aurchlt lacks an intellectual continuity where they were right on the earnings estimates come down, but they've goes to explain. so you think the as specs further identity are improving as we got past the tax cliff. we're going to get past the spending clip in an ugly way. you have to depend on washington, d.c. to give you some banana republic action before we get to the middle of...
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Jan 18, 2013
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economy has finally turned a corner? >> susie: and messy earnings news from two giant banks: a big earnings miss from citigroup, and a big earnings drop at bank of america. investors dump the stocks. >> tom: that and more tonight on "n.b.r."! >> susie: hundreds of flights were canceled today and airlines rushed to make back-up plans after regulators around the world grounded boeing's 787 dreamliner. those actions came after the federal aviation association ordered the plane out of the air after two incidents where lithium ion batteries overheated. boeing says it is confident the 787 is safe and says it stands behind the plane's overall integrity. this is only the second time in more than 30 years that regulators have grounded a plane. darren gersh reports. >> reporter: boeing has spent more than $30 billion developing the 787 dreamliner. one reason for the high cost is boeing's decision to upgrade the hydraulics and other mechanical systems with next-generation technology that runs on electricity. >> you've got generator
economy has finally turned a corner? >> susie: and messy earnings news from two giant banks: a big earnings miss from citigroup, and a big earnings drop at bank of america. investors dump the stocks. >> tom: that and more tonight on "n.b.r."! >> susie: hundreds of flights were canceled today and airlines rushed to make back-up plans after regulators around the world grounded boeing's 787 dreamliner. those actions came after the federal aviation association ordered...
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Jan 18, 2013
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economy still stuck in neutral? suzanne pratt reports. >> reporter: ann lenane has sold real estate in up and down markets, what she says about today's market might surprise you. >> the real estate market is hot. it is on fire. >> reporter: her read on real estate market makes sense given that home sales and new construction are recovering from their recent steep declines. and, some economists believe housing will replace manufacturing as a key growth driver this year. beyond the housing, the economy has recently been showing other signs of strength. retail sales and manufacturing activity were surprisingly strong in december. today, we learned that jobless claims are at a five-year low. on top of that the stock market, often considered a leading indicator of the economy hit a five-year high today. we're not talking about any old high, it's the highest level for the s&p 500 since before the financial crisis. still, not all economists believe there's reason to celebrate, just yet. >> we've been looking for moderate g
economy still stuck in neutral? suzanne pratt reports. >> reporter: ann lenane has sold real estate in up and down markets, what she says about today's market might surprise you. >> the real estate market is hot. it is on fire. >> reporter: her read on real estate market makes sense given that home sales and new construction are recovering from their recent steep declines. and, some economists believe housing will replace manufacturing as a key growth driver this year. beyond...
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Jan 18, 2013
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economy has finally turned a corner? >> susie: and messy earnings news from two giant banks: a big earnings miss from citigroup, and a big earnings drop at bank of america. investors dump the stocks. >> tom: that and more tonight on "n.b.r."! >> susie: hundreds of flights were canceled today and airlines rushed to make back-up plans after regulators around the world grounded boeing's 787 dreamliner. those actions came after the federal aviation association ordered the plane out of the air after two incidents where lithium ion batteries overheated. boeing says it is confident the 787 is safe and says it stands behind the plane's overall integrity. this is only the second time in more than 30 years that regulators have grounded a plane. darren gersh reports. >> reporter: boeing has spent more than $30 billion developing the 787 dreamliner. one reason for the high cost is boeing's decision to upgrade the hydraulics and other mechanical systems with next-generation technology that runs on electricity. >> you've got generator
economy has finally turned a corner? >> susie: and messy earnings news from two giant banks: a big earnings miss from citigroup, and a big earnings drop at bank of america. investors dump the stocks. >> tom: that and more tonight on "n.b.r."! >> susie: hundreds of flights were canceled today and airlines rushed to make back-up plans after regulators around the world grounded boeing's 787 dreamliner. those actions came after the federal aviation association ordered...
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Jan 13, 2013
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road and track called sentra an economy car minus the look and feel of an economy car. wonder how civic and corolla look and feel about that. the all-new nissan sentra, with best-in-class mpg. lease for $169 per month. visit choosenissan.com. lease for $169 per month. i've got two tickets to paradise!l set? pack your bags, we'll leave tonight. uhh, it's next month, actually... eddie continues singing: to tickets to... paradiiiiiise! no four. remember? whoooa whooaa whooo! you know ronny, folks who save hundreds of dollars by switching to geico sure are happy. and how happy are they jimmy? happier than eddie money running a travel agency. get happy. get geico. fifteen minutes could save you fifteen percent or more. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ but they have to use special care in keeping the denture clean. dentures are very different to real teeth. they're a
road and track called sentra an economy car minus the look and feel of an economy car. wonder how civic and corolla look and feel about that. the all-new nissan sentra, with best-in-class mpg. lease for $169 per month. visit choosenissan.com. lease for $169 per month. i've got two tickets to paradise!l set? pack your bags, we'll leave tonight. uhh, it's next month, actually... eddie continues singing: to tickets to... paradiiiiiise! no four. remember? whoooa whooaa whooo! you know ronny, folks...
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Jan 17, 2013
01/13
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in a statement released to nbc bay area, the hospital says it was hit hard by the economy. it says it eliminated unfilled positions and offered voluntary retirements and resignations before laying off 200 employees. some are questioning whether the cuts are legal because they were reportedly discussed behind closed doors. washington hospital gets funds from property taxes so it must follow the same public meeting laws as a city council. >>> it's 4:52 right now. if you like buzzer beaters, you're going to like this. laura garcia-cannon will like it too. we'll show you how st. mary's dead it. >>> and rumors that tiger woods may be reconciling with his ex-wife. >>> a wide view of the south bay but i'll show you the east bay coming up. >>> rumors swirling that tiger woods is trying to get back with his ex-wife. a prenup deal is worth more than half of his $600 million fortune. >> unbelievable. >> reportedly elin will consider this proposal if it includes a $350 million anti-cheating clause. how about that? the couple divorced in 2010 after tiger revealed he was a serial cheater
in a statement released to nbc bay area, the hospital says it was hit hard by the economy. it says it eliminated unfilled positions and offered voluntary retirements and resignations before laying off 200 employees. some are questioning whether the cuts are legal because they were reportedly discussed behind closed doors. washington hospital gets funds from property taxes so it must follow the same public meeting laws as a city council. >>> it's 4:52 right now. if you like buzzer...
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Jan 16, 2013
01/13
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. >>> we are moments away from the fed's latest read on the economy. here is how the markets are doing. right now the dow lost its strength, down 23 point on the trading session. s&p is dead in the water all hour and nasdaq is actually up about 10 points on the trading session, ty? >> sue w, watch this story in algeria. that does it for "power lunch." thanks for joining us today. >> and "street signs" begins now with breaking news on the fed and economy. >> that's right, sue and tyler. we have boeing in crisis. we have housing on the mend and five-star stock picks. we've also got the very latest on a scary story in algeria where militants say they have taken 41 people hostage, include something americans, at a bp oil field. well get to that in a moment but let us get to breaking news for the fed and how they are performing and get to steve liesman. steve? >> the federal reserve district says economic growth is modest to moderate in all 12 districts. that's how we normally lead but that's not the most important. what is important is the talk about how f
. >>> we are moments away from the fed's latest read on the economy. here is how the markets are doing. right now the dow lost its strength, down 23 point on the trading session. s&p is dead in the water all hour and nasdaq is actually up about 10 points on the trading session, ty? >> sue w, watch this story in algeria. that does it for "power lunch." thanks for joining us today. >> and "street signs" begins now with breaking news on the fed and...
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Jan 17, 2013
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some have speculated germany could spend the gold to kickstart the european economy, but the government has strongly ruled out that idea. al jazeera, berlin. >> thailand's navy has increased patrols to try to stem the flow of refugees from myanmar. more of them are entering thailand legally to try to escape harsh conditions and ethnic violence. this report from southern thailand. >> tired and confused, they arrived on foreign soil. 88 refugees spending more than 10 days at sea after leaving western myanmar. they said they had no choice but to leave. >> the soldiers would take women and daughters and rape them and then turned them back the next day. we had no freedom. we could not go anywhere. we had to make our own future. >> myanmar is predominantly buddhist, and the muslim minority are largely seen as illegal immigrants from neighboring bangladesh. after fighting between bouterse and muslims last year, more than 100,000 left homeless. this was all happening at a sensitive time for thailand. it has been ranked as a tier 2 nation on the watch list for human trafficking. if it is ranked
some have speculated germany could spend the gold to kickstart the european economy, but the government has strongly ruled out that idea. al jazeera, berlin. >> thailand's navy has increased patrols to try to stem the flow of refugees from myanmar. more of them are entering thailand legally to try to escape harsh conditions and ethnic violence. this report from southern thailand. >> tired and confused, they arrived on foreign soil. 88 refugees spending more than 10 days at sea after...
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Jan 17, 2013
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how will it affect the economy? we will hear from the man managing your money. also, ebay tells us how the company is cashing in on the red-hot transit after the company turns in their best earnings report ever. >>> and last but not least a rare and explosive interview with wells fargo chairman and ceo telling us us about another mortgage decline. we will see you in the last hour of the trading day. mandy, see you then. >> indeed we will. >>> looking like a tough quarter. john has three important numbers in this report. what are those three? >> with $13.6 mill billion, plus or minus a half billion. and so here are my three numberes. one, pc client group revenues. intel had 8.6 million in revenue. that group overall, expecting to be a little higher in q4 and that has to come from pcs or servers. pc sales are down 4.9% from last year. if that's right, you got to hope servers deliver big for intel. two full year gross margin guidance, with capex spending and particularly important now because of how demand shifts in the pc market. his intel plans running below capa
how will it affect the economy? we will hear from the man managing your money. also, ebay tells us how the company is cashing in on the red-hot transit after the company turns in their best earnings report ever. >>> and last but not least a rare and explosive interview with wells fargo chairman and ceo telling us us about another mortgage decline. we will see you in the last hour of the trading day. mandy, see you then. >> indeed we will. >>> looking like a tough...
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Jan 17, 2013
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there's still too much uncertainty, and there needs to be more clarify for the economy to take off. >> a really important point because i think businesses are, you know, shaping up and are currently in great shape in terms of cash on balance sheets. >> terrific. >> so they have the potential to put money to work, although that uncertainty factor is really keeping them from doing so. >> in fact, corporate balance sheets have never been better. liquidity, cash, we've grown 300 billion in core deposits in four years. you know, consumer balance sheets. even though the debt hasn't come down that much because interest rates are so low, the interest carries. the debt service is back to 1998 or 1990 so there's great capacity to invest, to hire, to grow, to buy things, but this uncertainty thing puts a real cloud on things otherwise people would do. they are putting them in abeyance. >> i'm going to get back to that. a real issue. want to get your take on solutions, but you mentioned interest rates and this low interest rate environment. you're putting your bet on growing net interest income.
there's still too much uncertainty, and there needs to be more clarify for the economy to take off. >> a really important point because i think businesses are, you know, shaping up and are currently in great shape in terms of cash on balance sheets. >> terrific. >> so they have the potential to put money to work, although that uncertainty factor is really keeping them from doing so. >> in fact, corporate balance sheets have never been better. liquidity, cash, we've grown...
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Jan 17, 2013
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the economy's growing instead of contracting. in the first quarter of 2009, the gdp contracted and grew 3.1% when measured last. now, though it remains where it was before the great recession, consumer confidence has nearly doubled and a larger percentage of americans, 41% according to our last poll, believe the country's heading in the right direction, up 26% in january 2009. on the other hand, there's other data to support the idea that the country is not much better off and that the struggling economy is taking a toll on families. median household income, lower than it was in 2009. 46% millions live below the poverty line. more than four years ago. the federal public debt has increased from $10.6 trillion in january 2009 to $16.4 trillion now. there's the big number same as four years ago. the unemployment rate of 7.8%, though it's down from a high of 10% in october 2009. other figures of the last four years. number of u.s. troops in iraq, dropped from nearly 140,000 to 200. as the president fulfilled the promise to end that w
the economy's growing instead of contracting. in the first quarter of 2009, the gdp contracted and grew 3.1% when measured last. now, though it remains where it was before the great recession, consumer confidence has nearly doubled and a larger percentage of americans, 41% according to our last poll, believe the country's heading in the right direction, up 26% in january 2009. on the other hand, there's other data to support the idea that the country is not much better off and that the...
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Jan 17, 2013
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roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. we've decided to we're all having such a great year in the gulf, put aside our rivalry. 'cause all our states are great. and now is when the gulf gets even better. the beaches and waters couldn't be more beautiful. take a boat ride or just lay in the sun. enjoy the wildlife and natural beauty. and don't forget our amazing seafood. so come to the gulf, you'll have a great time. especially in alabama. you mean mississippi. that's florida. say louisiana or there's no dessert. brought to you by bp and all of us who call the gulf home. just begin with america's favorite soups. bring out chicken broccoli alfredo. or best-ever meatloaf. go to campbellskitchen.com for recipes, plus a valuable coupon. campbell's. it's amazing what soup can do. a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, s
roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. we've decided to we're all having such a great year in the gulf, put aside our rivalry. 'cause all our states are great. and now is when the gulf gets even better. the beaches and waters couldn't be more beautiful. take a boat ride or just lay in the sun. enjoy the wildlife and natural beauty. and don't forget our amazing...
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Jan 17, 2013
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it will be especially good for the economy. >> good to see you, mr. tisch. thank you. >>> we're going to go to bert that coombs for a market flash. take it away. >> thanks, tyler. the teen retailer, bmo is out with a flash note saying it looks like the company is finally getting serious to turn things around. they want to focus on the expertise of some of the new management and also to try to capture that teenage mind not with key items, tyler, but the whole outfit. everybody likes to see the whole shebang. >> i like the outfits. >>> lance armstrong revealing all on oprah, including he is manti te'o's girlfriend. how much of a hit will the armstrong brand take? stay with us. lance. ♪ [ male announcer ] when we built the cadillac ats from the ground up to be the world's best sport sedan... ♪ ...people noticed. ♪ the all-new cadillac ats -- 2013 north american car of the year. ♪ for a limited time, take advantage of this exceptional offer on the all-new cadillac ats. omnipotent of opportunity. you know how to mix business... with business. and you...re
it will be especially good for the economy. >> good to see you, mr. tisch. thank you. >>> we're going to go to bert that coombs for a market flash. take it away. >> thanks, tyler. the teen retailer, bmo is out with a flash note saying it looks like the company is finally getting serious to turn things around. they want to focus on the expertise of some of the new management and also to try to capture that teenage mind not with key items, tyler, but the whole outfit....
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Jan 17, 2013
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and the fed said in its beige book, the economy expanded across much of the country last month, but hiring was hampered by politcial uncertainty coming from washington. todd horwitz of the adam mesh trading group joins us on this thursday morning. good morning to you. a lot of traders are talking 1475 in the s&p 500. what is it going to take to get there? > > good morning. you know, we're close. right now the markets are in a tug of war between the bears and the bulls. they are trying to get to that level. yesterday morning we had big boxcar earnings from j.p. morgan and goldman sachs. that was not enough to propel the markets through those levels. i think the market anticipated a lot of this good news ahead of time. so i think we are going to languish around here. you can see by the falling volatility and the complacent markets that we are probably a little ways away from pushing through that level. > what about citigroup and bank of america, which are now going to report in? > > i think those earnings will probably be just like j.p. morgan and goldman sachs. i think they will probably be
and the fed said in its beige book, the economy expanded across much of the country last month, but hiring was hampered by politcial uncertainty coming from washington. todd horwitz of the adam mesh trading group joins us on this thursday morning. good morning to you. a lot of traders are talking 1475 in the s&p 500. what is it going to take to get there? > > good morning. you know, we're close. right now the markets are in a tug of war between the bears and the bulls. they are trying...
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Jan 18, 2013
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can you not have a couple of people in one room who are going to get your economy right. you need to get the incentives right and need to have the information disbursed. let's talk about the bank regulation part first. i think a lot of what we saw was one a factor of who was on the fed. you had a bunch of academics as cramer mentioned earlier, didn't have that many people who knew about banking, a lot of information coming from wall street. investment banks look a lot different than commercial banks, a lot of different things going on in the sectors so you didn't even have people at the table who really had a sense of what was going on at the economy so i would feel much more comfortable if we take banking regulation and give it to the bank regulators because ultimately i think a lot of the bailouts were about the mistakes made the new york fed, mistakes made at the fed board and they were using bailouts to cover up their own mistakes. aig, all of these cdss were done because the bank approved of cds to create bank capital. they create that had mistake. we can argue wheth
can you not have a couple of people in one room who are going to get your economy right. you need to get the incentives right and need to have the information disbursed. let's talk about the bank regulation part first. i think a lot of what we saw was one a factor of who was on the fed. you had a bunch of academics as cramer mentioned earlier, didn't have that many people who knew about banking, a lot of information coming from wall street. investment banks look a lot different than commercial...
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Jan 17, 2013
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the fact is they do negotiate higher time, their workers but that comes with a cost to the whole economy, making it less dynamic, less easy for businesses to hire more workers and at a time when we have 8% unemployment, that's not something that a lot of businesses can afford. >> now, a lot of those same union leaders say, you get what you pay for, and there are offering cut raitt salaries to workers who might appreciate the jobs, but in the end, aren't going to be very happy in those jobs. what do you think? >> i think overall people are gibbing to see that unions are out to help union worker but very often at the expense of nonunion works and that's where we're getting in trouble. the american public at large is overwhelmingly moving sort of -- public support is moving against unions, gallup found that 42% would like to see unions be less influential. they feel at if there are negotiations going on for union workers but they come at a cost for all workers, creating less opportunity for all workers and for the economy at large. what is the message. you say lab you wins every time. union
the fact is they do negotiate higher time, their workers but that comes with a cost to the whole economy, making it less dynamic, less easy for businesses to hire more workers and at a time when we have 8% unemployment, that's not something that a lot of businesses can afford. >> now, a lot of those same union leaders say, you get what you pay for, and there are offering cut raitt salaries to workers who might appreciate the jobs, but in the end, aren't going to be very happy in those...
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Jan 13, 2013
01/13
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now the flu is threatening to make an already-sick economy even weaker. we've got business owner, toma here on the medical and financial hit respectively. doctor, to you first. how bad does this get? >> this bug is going to cost big bucks. the last time wead a flu epidemic like this it cost us about $100 million in lost days, $7 billion in lost compensation, and the cdc is projecting that just the direct medical costs alone from this flu epidemic could cost over $10 billion. neil: all right, you're talking about the center or for disease control. but i want to know, why is it so bad, doctor? why is it as bad as it is? are these shots not working? is it a different strain of flu that's grown? >> yeah, couple of things. this particular flu strain, h3n2, is associated with more complications than previous strains of the flu. sometimes people who initially have flu symptoms and then actually get worse a couple of days later may have a superimposed bacterial fection. the second reason is that even though there is, you know, relative availability of the flu sho
now the flu is threatening to make an already-sick economy even weaker. we've got business owner, toma here on the medical and financial hit respectively. doctor, to you first. how bad does this get? >> this bug is going to cost big bucks. the last time wead a flu epidemic like this it cost us about $100 million in lost days, $7 billion in lost compensation, and the cdc is projecting that just the direct medical costs alone from this flu epidemic could cost over $10 billion. neil: all...
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Jan 17, 2013
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last year and stock prices fell today when the world bank warned washington debt battle could put the economy at rigs being. boeing fell 2% in after hours trading after faa grounded dream liners. and apple stock went up 4%. >> a veteran actor spent golden years here in the bay area has died. he was best known for the role in "diff'rent strokes", playing a wealthy white widower raising two sons of his african american housekeeper. a native of canada he had a long career in the movies and stage a cording to his daughter he died at home in livermore. conrad bain >>> a coalition of consumer groups is asking the federal government to take a look at the lending practices of san francisco based wells fargo bank. >> that is right. they're concerned about a program they claim is like a pay day loan product. >> michael finney is here now with a story of a woman comparing her experience to a debt trap. >> yes this, wells fargo prefers to call the program a direct deposit advance, charging 1 path $50 for every $20 borrowed. your loan must be paid in full when the next check arrives. the fee on the loan i
last year and stock prices fell today when the world bank warned washington debt battle could put the economy at rigs being. boeing fell 2% in after hours trading after faa grounded dream liners. and apple stock went up 4%. >> a veteran actor spent golden years here in the bay area has died. he was best known for the role in "diff'rent strokes", playing a wealthy white widower raising two sons of his african american housekeeper. a native of canada he had a long career in the...
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Jan 18, 2013
01/13
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president, republicans, care less about the economy. supposed to be crushed, absolutely annihilated about worries of the upcoming debt ceiling, and decimated, laid to waste by the end of the tax holiday. rich people stopped dead in their tracks by new tax hikes. one so steep we were supposed to switch to peanut butter and jel sandwiches, pbjs, rather than dining at three-star restaurants. pass the skippy, keep the foie gras. we find out we had the highest housing starts since the boom, climbing 12%, double where we were not that long ago. while analysts were determined to tell you the housing is about to go tepid. numbers don't fit into the scenario, not a negative one and that's the story of the market right now the bullish facts are getting in the way of the bearish story. now, i will tell you on any given day, we're capable of a serious swoon and we are due for one. holy cow. maybe dow and intel not so hot tonight can cause one -- sell, sell, sell! this feels like a moment like the mid-1980s where the bulls are in control, ala boeing
president, republicans, care less about the economy. supposed to be crushed, absolutely annihilated about worries of the upcoming debt ceiling, and decimated, laid to waste by the end of the tax holiday. rich people stopped dead in their tracks by new tax hikes. one so steep we were supposed to switch to peanut butter and jel sandwiches, pbjs, rather than dining at three-star restaurants. pass the skippy, keep the foie gras. we find out we had the highest housing starts since the boom, climbing...
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Jan 17, 2013
01/13
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FBC
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economy led to an early slide for gold. swung back late in the session and hit a one-month high settles at 1690.80 an ounce. >>> our top story is the frightening situation in algeria where a botched attempt to free hostages from bp's natural gas complex turned deadly. al algerian source tells reuters 30 hostages were killed. seven foreigners, two japanese, one britain, a french national. seven americans are missing. the white house is saying some are not accounted for. fox news learned two americans are on their way to london. bp is pulling nonessential personnel out of algeria. details here still very fluid. there is a lot of conflicting reports out there. here to help us sort it out, john bolton, former ambassador to the united nations. he is also a fox news contributor. i want to start out, can you put this in perspective for us. how big of a deal is it to the u.s.? >> i think we should consider it very significant. even though it is in algeria a long way away. when you combine it with the hostilities in mali, the fact t
economy led to an early slide for gold. swung back late in the session and hit a one-month high settles at 1690.80 an ounce. >>> our top story is the frightening situation in algeria where a botched attempt to free hostages from bp's natural gas complex turned deadly. al algerian source tells reuters 30 hostages were killed. seven foreigners, two japanese, one britain, a french national. seven americans are missing. the white house is saying some are not accounted for. fox news learned...
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Jan 16, 2013
01/13
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KPIX
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>> it's going to affect the availability of various types of seafood, which, of course, impacts the economy on a very large scale in our area. >> reporter: does that continue to concern you? >> oh, absolutely. yeah. i think the effects we're seeing now are just the beginning. >> reporter: there are also worries over rising sea levels. in nearby huntington beach, the tide now comes up farther inland. >> along the california southern coast we've experienced an eight-inch rise in sea level already. it's nothing we can continue to deny. >> reporter: the u.s. government predicts sea levels will rise between 1 and 4 feet by the next century. bigad shaban, cbs news, long beach, california. >>> when we come back on this wednesday, lifting spirits with a song. students from sandy hook elementary school gather for a special recording. ( birds chirping ) everything's better with a great cup of coffee. exceptionally smooth and perfectly balanced for a harmonious blend of flavor, body and aroma. green mountain coffee for your keurig brewer. brew a better day. crashes into a crane during the morning rush
>> it's going to affect the availability of various types of seafood, which, of course, impacts the economy on a very large scale in our area. >> reporter: does that continue to concern you? >> oh, absolutely. yeah. i think the effects we're seeing now are just the beginning. >> reporter: there are also worries over rising sea levels. in nearby huntington beach, the tide now comes up farther inland. >> along the california southern coast we've experienced an...